A Company Has the Following Information for the Current Month

question 4

Multiple Choice

A company has the following information for the current month of operations: $\begin{array}{ll}\text { Raw materials used } & \$ 37,500 \\\text { Sales ( } \$ 97.50 \text { per unit) } & \$ 117,000 \\\text { Direct labor } & \$ 63,000 \\\text { Variable factory overhead } & \$ 25,500 \\\text { Fixed factory overhead } & \text { unknown } \\\text { Variable selling and administrative } & \$ 4,500 \\\text { Fixed selling and adminis trative } & \$ 7,500 \\\text { Gross profit } & \$ 45,000 \\\text { Contribution margin } & \text { unknown }\end{array}$

$\begin{array}{lll}\text { Inventories: } & \text { Beginning } & \text { Ending } \\\text { Raw materials } & 0 & \$ 10,500 \\\text { WIP } & 0 & \text { none } \\\text { Finished goods } & 0 & 1,200 \text { units }\end{array}$ is the inventory cost per unit using variable costing.

• A) $97.50
• B) $56.88
• C) $52.50
• D) $54.38

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Definitions:

Ethnic Groups

Communities or populations sharing a common culture, ancestry, language, or national origin.

Ethnic Groups

Ethnic Groups are categories of people who identify with each other based on common language, ancestry, culture, history, or society.

Hispanic Americans

Americans who are descendants of people from Spanish-speaking countries in Latin America and Spain, with distinct cultural, historical, and social backgrounds.

Homogeneous

Consisting of parts or elements that are all the same; uniform in structure or composition.